WebPay Plus

Greetings, fellow gamblers from Chile. You’re in the right place if you’re wondering which payment method to use at online casinos. WebPay Plus is a payment gateway that allows you to use various payment cards to credit your casino balance. However, even if you don’t have a bank account, WebPay Plus has a solution. It supports popular Redcompra debit and prepaid cards. Actually, these two are compatible, as you can use Redcopra cards through the WebPay Plus platform.

So, a local payment option tailored for the Chilean market seems to tick all the right boxes. It allows casino players to pay in local currency, use local bank cards, and even pay with prepaid Redcompra cards if they don’t have a bank account. Or if they’re on a tight budget and don’t want to spend more than they can afford.

WebPay Plus facilitates online transactions with credit and debit cards and, on top of that, allows casino deposits with prepaid Redcompra cards. So, is WebPay Plus the perfect payment method for Chilean gamers? Read on as we zero in on every detail to help you learn all about WebPay Plus as a casino banking method. Let’s start.

About WebPay Plus

WebPay Plus is a digital payment processor supported by Transbank, a leading Chile-based credit and debit card processor. Sociedad Interbancaria Administradora de Tarjetas de Crédito SA was founded in 1989 by a group of eight Chilean banks. The company soon rebranded, becoming Transbank. In 1990, Transbank started to offer Diners Club cards and signed a cooperation deal with a local Visa credit card issuer. A year later, the company began issuing Mastercard payment cards.

Redcompra, a new local debit card brand, was launched in 1999, and in 2000, the company introduced the new brand nationwide. At the same time, the WebPay digital payment platform was also rolled out. However, WebPay Plus was introduced in 2008 to boost internet sales and help e-commerce development.

Target Markets

Well, after the introduction and details on the company, it’s obvious that WebPay Plus’s primary target market is Chile. Transbank is a reputable financial institution in Latin America, offering a WebPay digital gateway that handles all bank card offline and online transactions. Besides this innovative payment solution, the company also introduced WebPay Plus, a business-to-business (B2B) financial product focusing on merchants to help them accept online payments.

It means merchants can expand their offerings and receive online transactions by adding the WebPay Plus solution to their websites. At the same time, end-users can purchase more goods and services online with their bank cards. A win-win situation for everyone. Consequently, many online casinos catering to the Chilean market quickly realised that WebPay Plus in their cashier is a must-have payment option.

WebPay Plus Account

The great thing about WebPay Plus is you don’t need to set up an account with Transbank to be able to make online casino deposits. All you need is a credit or debit card brand, which WebPay Plus accepts. Some of them are Visa, Mastercard, and American Express.

However, if you don’t want to use any of these cards or don’t have a bank account, WebPay Plus lets you pay with Redcompra. This is another popular payment brand by Transbank. Redcompra has two options: a prepaid card and a standard debit card. The prepaid Redcompra card was introduced to support cashless transactions in the country.

Since WebPay Plus is a B2B payment facilitator, online casinos are the ones that need to approach Transbank to sign a contract to integrate this gateway into their cashiers. You, as a casino player, only need to ensure you have enough money in your bank account or prepaid Redcompra card to be able to deposit funds and start your casino adventure in no time.

How to Deposit with WebPay Plus?

WebPay Plus casino deposits are as easy as any other online payment with your credit or debit card. First, log into your casino account or open one at your favourite WebPay Plus casino site. Go to the banking page and find WebPay Plus among the listed casino deposit options. Click on the logo to launch the deposit form.

Choose the bank card from the list offered by WebPay Plus, enter the exact deposit amount and provide the required bank card details. These include the card number, the cardholder name, expiration date and a CVC code.

When you populate all the fields, click Deposit or Continue to load your Internet banking portal. Log in with your existing banking credentials and verify the payment request when you receive an SMS with a PIN code from your bank. This is it. You’ve confirmed the transaction and can return to the casino to play your favourite games.

How to Withdraw with WebPay Plus?

This is where things go downhill. Unfortunately, the WebPay Plus gateway doesn’t allow you to cash out winnings from the casino. It works for deposits only. Therefore, you’ll have to revisit the banking page to see which withdrawal options are available.

The best alternative to WebPay Plus might be a standard bank transfer. Or, if you want, you can choose a digital wallet if you already use one. Anyhow, although you can’t collect money through WebPay Plus, you definitely won’t have an issue finding a suitable alternative.

Transfer Times, Fees, and Security

Payment gateways are an excellent solution since they speed up the transactions. You connect to your desired online banking in seconds and quickly finish the payment. Therefore, casino deposits with WebPay Plus are processed almost instantly. Seeing the money in your casino balance takes a few seconds or a minute.

However, Redcompra card payments are processed within 24 hours, according to Transbank. Still, from our experience, we can confirm that deposits were instant. We advise you to contact the casino customer support before crediting the balance to check how long you’ll need to wait to see the money.

As mentioned earlier, you can’t withdraw winnings from online casinos with WebPay Plus. So, you’ll have to pick another withdrawal option from the casino’s cashier to collect the funds. Wire transfer is very similar to bank card transactions, so this might be the best alternative. However, the processing timeframes associated with bank transfers are usually 2-3 business days. If you don’t want to wait that long, opt for another service, like e-wallets. They’ll handle the transactions much faster.

Fees are not part of the WebPay Plus equation. But, since you’re paying with a credit or debit card, bank fees are involved. Transbank doesn’t charge you directly for paying through the WebPay Plus gateway. They charge online casinos. The maximum they pay for credit card transactions is 2.95% + VAT, while debit card payments are charged 1.49% + VAT. These are not very large amounts, but we can’t confirm with certainty that some casinos won’t add these costs to your deposits. Check out the banking page and the casino’s T&C to learn if they have any WebPat Plus processing fees.

Finally, security is the number one priority. Being an online payment gateway that simply connects your online banking with the casino’s cashier page, WebPay Plus doesn’t have access to any sensitive data you have. They don’t store them at all. As a matter of fact, the gateway protects this connection with its top-notch security measures. All payments are processed by your bank, which features the latest anti-fraud and other bank-grade protection measures. In other words, using WebPay Plus as a casino banking method is safe.